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An Integrated Vendor - Buyer Model with Uncertain Lead Time, Life Time under Inflation and Variable Holding Cost

S.R. Singh, Diksha Bhatia
2011 International Journal of Operations Research and Information Systems  
holding cost, the effect of inflation and time value of money.  ...  This study considers the problem of a vendor which supplies an item to the buyer with imprecise partial backlogging rate of unsatisfied demand and non instantaneous deterioration rate considering variable  ...  Singh et al. (2009) assumed an inventory model with power demand, partial backlogging and incremental holding cost under inflation.  ... 
doi:10.4018/joris.2011100106 fatcat:xwcest3d55akrp6ddvpa2rhqui

An Integrated Vendor-Buyer Model with Uncertain Lead Time, Life Time under Inflation and Variable Holding Cost

S. R. Singh, Diksha Bhatia
2011 International Journal of Operations Research and Information Systems  
An Integrated Vendor-Buyer Model with Uncertain Lead Time, Life Time Under Inflation and Variable Holding Cost S. R. Singh, D. N. College, India Diksha Bhatia, D. N.  ...  Singh et al. (2009) assumed an inventory model with power demand, partial backlogging and incremental holding cost under inflation.  ... 
doi:10.4018/joris.2011070104 fatcat:7lhhwtgyyncvbjtpiu6mgjuyzu

Vendor-Buyers relationship model for deteriorating items with shortages, fuzzy trapezoidal costs and inflation

Chaman Singh, S.R. Singh
2013 Yugoslav Journal of Operations Research  
In this paper, an integrated inventory model is developed from the perspective of a single vendor and multi-buyers for deteriorating items under fuzzy environment and inflation.  ...  Since the optimal policy of buyers may not be the most economical for a vendor, thus to deal with this situation, integrated cost policy is used to reach the optimal policy.  ...  Chen and Kang (2007) derived an integrated vendor-buyer cooperative inventory models with variant permissible delay in payments.  ... 
doi:10.2298/yjor110421022s fatcat:g4e2ztkvg5fwhmwlgurbmzxss4

A vendor-buyer inventory model with lot-size and production rate dependent lead time under time value of money

Sumon Sarkar, B. C. Giri, Ashis Kr. Sarkar
2019 Reserche operationelle  
The paper studies an integrated vendor-buyer model with shortages under stochastic lead time which is assumed to be variable but depends on the buyer's order size and the vendor's production rate.  ...  The replenishment lead time and the market demand uncertainty are assumed to be reduced by changing the regular production rate of the vendor at the risk of paying additional cost.  ...  [14] developed a vendor-buyer integrated inventory model with generalized lead time distribution and penalty cost for delivery lateness.  ... 
doi:10.1051/ro/2019030 fatcat:agh4yvoz3zau7cxqgaqcbaboe4

Optimal replenishment order for uncertain demand in three layer supply chain

Arpita Roy, Shib Sankar Sana, Kripasindhu Chaudhuri
2012 Economic Modelling  
An expected average cost function of the chain by trading off inventory cost and shortage costs is formulated which is minimized to obtain optimal order sizes of the supplier, manufacturer and retailer  ...  Our theoretical analysis of both cases; (i) when demand per unit time of each member of the chain is uncertain, (ii) when uncertain demand is distributed uniformly over finite time horizon; suggests the  ...  Sarkar (2012a) extended an EOQ model for time-varying demand and deteriorating with discounts on purchasing costs under the environment of delay-in-payments.  ... 
doi:10.1016/j.econmod.2012.07.008 fatcat:pgqkwrkwyjcbtbo7fj7aoytow4

A fuzzy periodic review integrated inventory model involving stochastic demand, imperfect production process and inspection errors

Wakhid Ahmad Jauhari, Selvia Mayangsari, Nughthoh Arfawi Kurdhi, Kuan Yew Wong, Ping Lou
2017 Cogent Engineering  
In this study, we investigate an integrated production-inventory system consisting of a single-vendor and single-buyer. The buyer manages its inventory level periodically at a certain period of time.  ...  Our objective is to optimize the number of deliveries from vendor to buyer, the buyer's review period, and the vendor's production rate, so that the joint expected total annual cost incurred has the minimum  ...  An integrated vendor-buyer model with stochastic demand, continuous review policy and variable lead time was firstly studied by Ben-Daya and Hariga (2004) .  ... 
doi:10.1080/23311916.2017.1308653 fatcat:rfhbeb5qcncydjt26zbpkl635u

Supply Chain Coordination Models: A Literature Review

Burra Karuna Kumar, Dega Nagaraju, S. Narayanan
2016 Indian Journal of Science and Technology  
In addition, the literature is reviewed on Vendor Managed Inventory and price dependent demand variations and the coordination issues are discussed.  ...  Methods/Statistical Analysis: The literature is reviewed by considering 142 articles published from 2000 to till date and classified as two-level models and three-level models.  ...  Authors of the paper included Weibull rate of deterioration, inflation and variable holding cost for model development.  ... 
doi:10.17485/ijst/2016/v9i38/86938 fatcat:64qsvlnowjha5ismjmpxopl7u4

An EOQ model with quantity incentive strategy for deteriorating items and partial backlogging

Rahul Kumar Pandey, S.R. Singh, Bindu Vaish, Shilpy Tayal
2017 Uncertain Supply Chain Management  
The objective of this paper is to develop an inventory model for deteriorating products with quantity discount and partial backlogging to determine the optimal ordering quantity for the retailer optimizing  ...  the total cost or profit of the associated model.  ...  Singh and Rastogi (2013) developed an integrated inventory model with amelioration and deterioration under shortages and inflation.  ... 
doi:10.5267/j.uscm.2016.10.002 fatcat:yklo6nfribfabfpkwtddwxm4je

An EOQ model with variable holding cost and partial backlogging under credit limit policy and cash discount

Mohit Rastogi, S.R. Singh, Prashant Kushwah, Shilpy Tayal
2017 Uncertain Supply Chain Management  
In this paper we develop an inventory model for deteriorating items with price sensitive demand. Generally the vendor offers a cash discount or fix time period to the retailer to pay all the dues.  ...  Holding cost is considered as varying function of time, which reflects a more realistic concept.  ...  Hsu et al. (2007) developed an inventory model for deteriorating items with expiration date and uncertain lead time.  ... 
doi:10.5267/j.uscm.2016.8.002 fatcat:kmo3qpjz7jcg3gh4marbbhexxa

Reviewing the Literature of Inventory Models under Trade Credit Contact

Zohreh Molamohamadi, Napsiah Ismail, Zulkiflle Leman, Norzima Zulkifli
2014 Discrete Dynamics in Nature and Society  
Thus, this paper addresses the researches with delay in payment and presents pertinent information about developments and extensions of such models to provide an up-to-date review of the studies conducted  ...  In practice, however, the seller allows the buyer to settle the account with a delay period. Such a contract has attracted the attention of many researchers and practitioners in recent years.  ...  Moreover, the authors would like to thank the anonymous reviewers for their constructive suggestions and comments which led to a significant improvement in the quality of the paper.  ... 
doi:10.1155/2014/975425 fatcat:ak473wulifh67gjgi5jpvezuga

Models for multi-plant coordination

Rohit Bhatnagar, Pankaj Chandra, Suresh K. Goyal
1993 European Journal of Operational Research  
This paper addresses coordination of production planning among multiple plants in a vertically integrated firm. Currently there is no unified body of literature that deals with this issue.  ...  We identify important issues that managers and researchers must address so that production and inventory decisions can be determined for all plants in a manner optimal for the organization as a whole.  ...  Acknowledgements The authors are grateful to the referee for the helpful comments and suggestions.  ... 
doi:10.1016/0377-2217(93)90058-u fatcat:4z6t3o7z6fhcnmqjkepdh62bcu

Vendor managed inventory control system for deteriorating items using metaheuristic algorithms

Masoud Rabbani, Hamidreza Rezaei, Mohsen Lashgari, Hamed Farrokhi-Asl
2018 Decision Science Letters  
The model is concerned with multi-item subject to multiconstraint including storage space, time period and budget constraints.  ...  In this research, we study an economic order quantity (EOQ) with shortage in form of partial backorder under VMI policy.  ...  and holding costs while buyer does not pay for inventory cost.  ... 
doi:10.5267/j.dsl.2017.4.006 fatcat:dbkfu5qv4zcqndb6ia54bkeqnq

Effects of Lot-Sizing Integration and Learning Effect on Managing Imperfect Items in a Manufacturer-Retailer Chain

Yu-Chung Tsao, Tsung-Hui Chen, Pei-Ying Wu
2013 Journal of Applied Mathematics  
The present study used the Nash game and the cooperation game in an imperfect production system to investigate the combined effects of lot-sizing integration, learning effect, and an imperfect production  ...  Numerical results indicated that the cooperation game policy created a higher cost reduction under a wide range of parameter settings.  ...  [17] developed a multiobjective mixed integer nonlinear programming model to coordinate the system of a single buyer and multiple vendors under an all-unit quantity discount policy for the vendors.  ... 
doi:10.1155/2013/413206 fatcat:flviby447beazctxba7eavs2ym

A geometric programming approach for a vendor managed inventory of a multiretailer multi-item EPQ model

Yasaman Karimian, Abolfazl Mirzazadeh, Seyed Hamidreza Pasandideh, Mohammad Namakshenas
2019 Reserche operationelle  
In this paper, we propose a multi-item economic production quantity (EPQ) model with a shortage for a single-vendor, multi-retailer supply chain under vendor managed inventory (VMI) policy in a stochastic  ...  A case study in an Iranian furniture supply chain is conducted to show the applicability of the proposed model and 17.78 percent improvement in terms of total cost is gained.  ...  We assume that the vendor pays the ordering and holding cost on behalf of the buyer [24] .  ... 
doi:10.1051/ro/2019058 fatcat:giy26u2a45fj3lrbckpshblfbm

Contracting for Collaborative Services

Guillaume Roels, Uday S. Karmarkar, Scott Carr
2010 Management science  
We also discuss how the performance of these contracts is affected with output uncertainty, process improvement opportunities, and the involvement of multiple buyers and vendors in the joint-production  ...  In particular, we investigate how the choice of contract type-among fixed-fee, time-and-materials, and performance-based contracts-is driven by the service environment characteristics.  ...  Acknowledgments The authors thank the associate editor, the referees, Christian Hellwig, Marty Lariviere, and the participants of the Operations Management seminar at the Sloan School of Management for  ... 
doi:10.1287/mnsc.1100.1146 fatcat:ssynwpss7jgupgtrkwi22zgz5q
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